Question 1

How long before I get my underwriting profits back?

Accepted Answer

The Captive must wait until all claims are closed before distributing profits for that policy period. Typically, captives start to close underwriting years three years after the expiration date of the policy period. Each year is calculated separately.

Question 2

What is the capital and how much does it cost?

Accepted Answer

Capital is required in all captives to purchase stock or shares in the Captive insurance company. This purchases your common share, which would typically be held by your company, and your preferred shares that should be held by whomever you want your profit distribution to be paid to. The purchase of stock in TangoRe is $10,000, which is less than any other member-owned group captive.

Question 3

How much do claims impact my ratings?

Accepted Answer

Claims have a direct impact on premium in all captives. In TangoRe, each member pays a premium according to their loss experience. The fewer claims you have, the lower your rates will be, and the lower your premium will be. Captive pricing is designed to be very stable, unlike the traditional insurance market where pricing can fluctuate dramatically from year to year.

Question 4

How will I be rewarded for having fewer claims?

Accepted Answer

In a captive, you will be rewarded in two ways for having fewer claims. Your renewal premium will be reduced over time, and you will receive more underwriting profit.

Question 5

Why is collateral collected and what is it used for?

Accepted Answer

Collateral is required by all captives and is collected as additional security to protect the carrier and the member-to-member obligation in the event a member does not meet their financial obligations to the Captive

Question 6

How long do I pay in collateral?

Accepted Answer

Every captive has different collateral requirements. Some require a higher amount of collateral over three years. TangoRe allows TSPs to pay in a lower amount of collateral over two years. The collateral is broken up into smaller amounts to be more 'cash-flow friendly'

Question 7

Does the Captive coverage meet FedEx’s requirements?

Accepted Answer

Yes, the TangoRe policies included are Workers Compensation (WC), General Liability (GL), Auto Physical Damage (APD), and Non-Trucking Liability (NTL), which meet or exceed FedEx coverage requirements. In addition, our carrier is A+, XV rated, also meeting FedEx's requirements

Question 8

What happens if I leave the Captive?

Accepted Answer

There is no short-rate penalty if you must cancel your policies in the TangoRe Captive. You would still receive any profit you have in the Captive as each year closes. Your collateral and any earned profits will be returned to you once the policy year that you participated in is closed.

Question 9

What are the main advantages of joining a Captive like TangoRe?

Accepted Answer

The main advantages include customized premiums based on your individual loss experience, potential to recoup unused underwriting profits, access to comprehensive loss control and nurse triage services, and the ability to select your service providers. Additionally, being part of a Captive provides financial stability and opportunities for growth.

Question 10

How does TangoRe handle claims?

Accepted Answer

TangoRe provides excellent Claims Management services, ensuring that claims are handled promptly and efficiently. Our goal is to minimize the impact on your operations while ensuring fair and accurate claim settlements. Members benefit from our extensive experience and resources in managing claims effectively.

Insurance and Risk Management Exclusively
for Fedaral Express TSP Ground Contractors

Frequently Asked Questions

We understand that you may have questions about TangoRe and how our Captive Insurance program works. Below, you’ll find answers to some of the most common questions we receive from prospective members. If you have additional questions, please feel free to contact us

Still Have Questions?

If your question wasn’t answered here, feel free to reach out to us directly. We’re here to help you understand the benefits of TangoRe and guide you through the process of becoming a member

Phone :

+1 (262) 352-5915

Email :

Insurance and Risk Management Exclusively for Fedaral Express TSP Ground Contractors